Wisconsin commercial electricity rates

Analyst note

The Wisconsin commercial price sat above the U.S. average in 6 of 10 years; the gap was +0.25 ¢ in 2015 and -0.12 ¢ in 2024. In the 2024 ranking Wisconsin sits between Maryland (12.96 ¢) one place above and Indiana (12.44 ¢) one place below; the top of the list is 25.55 ¢ away and the bottom 5.44 ¢. Wisconsin was 14th in 2015 with 10.89 ¢ and is 16th now; a fall in the table. Wisconsin commercial prices rose in 6 of 9 years. The largest rise was +8.2% in 2022, and the largest fall -1.8% in 2018. The Wisconsin price peaked at 12.76 ¢ in 2023 and bottomed at 10.67 ¢ in 2018; 2024 is 1.0% below the peak and +18.4% from the low. Compounded, that is +1.66% a year in Wisconsin, -0.37 points against the U.S. Wisconsin buys 1.61% of all U.S. commercial electricity with 1.90% of the accounts, so the average Wisconsin account uses 0.85 times the national average.

A middle price: 12.63 ¢/kWh for Wisconsin commercial accounts, rank 16 of 51, -0.9% against the U.S. Wisconsin: +16.0% over nine years, or +1.7% a year, trailing the national +19.8% by 3.9 points; 2022 was the biggest single move (+8.2%) and 2023 the high.

Last year's change in Wisconsin was -1.0% and falling. Against the residential price of 17.18 ¢ the gap is 4.55 ¢. Commercial sales are 34.1% of Wisconsin electricity sold, and an average Wisconsin account used 5,255 kWh a month, an implied bill near $664.

Counting revenue instead of kWh, Wisconsin commercial accounts bring in 33.9% of Wisconsin sector revenue on 34.1% of the kWh, a discount of 0.2 points that comes from the price level: 12.63 ¢ here against 17.18 ¢ for residential and 8.54 ¢ for industrial accounts. The average Wisconsin commercial account uses 5,255 kWh a month, 33 of 51 among states on that measure; a residential account uses 0.12 times as much and an industrial account 63.49 times. Commercial accounts are 11.48% of the 3,219,046 accounts in Wisconsin.